DAKAR, March 18 (Reuters) - Senegal plans to issue between
$500 million and $1 billion in foreign debt this year, starting
from June, to cover its budgetary needs, an economic advisor to
President Macky Sall told Reuters.
Mamadou Fall Kane also said the West African countrys
government was concerned by the strength of the U.S. dollar and
was using currency swaps to hedge its risk on dollar-denominated
debt.
Senegal, which uses the CFA currency that is pegged to the
euro, was also looking to increase its presence in European
markets, he said.
(Reporting by Daniel Flynn; Editing by Robin Pomeroy)
((daniel.flynn@thomsonreuters.com; +221 33 864 5076; Reuters
Messaging: daniel.flynn.thomsonreuters.com@reuters.net))
